RIP Decentralization: A single province in China controls 54 percent of Bitcoin’s hashrate (Report)

https://thenextweb.com/hardfork/2019/12/11/bitcoin-cryptocurrency-mining-hash-rate-china-renewable-energy-blockchain/"Bitcoin miners in China wield two-thirds of the network’s processing power, and more than half of it is controlled by a single province [Sichuan]."CZ comment: "Mining is highly encouraged in China now. They hope to control bitcoin by having all the miners in the country (ie, under their control)." https://twitter.com/cz_binance/status/1205178744287031296So much for the "decentralized" narrative boys! ๐Ÿ˜‚

Submitted December 13, 2019 at 06:36AM

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